MANAGEMENT: Back to Work

As 3,000 members of the National
Association of Manufacturers gathered for their annual meeting in
Manhattan's Hotel Waldorf-Astoria last week, most of them were sure of
the No. 1 bellyache of U.S. industry. It was inflation, complicated by
a new round of union wage demands, and most of the NAMsters agreed on
the cure put forth by General Motors' C. E. Wilson. Said he: the
40-hour week must go, at least temporarily.

The nation's problem, said Wilson, was fundamentally "to produce
more"but not at all costs. "Any attempt to raise wage rates faster
than the actual increase in hourly productivity," he...